Annual report pursuant to Section 13 and 15(d)

Statements of Changes in Stockholders' Equity

v3.22.2
Statements of Changes in Stockholders' Equity - USD ($)
Series A Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Note Recievable for Common Stock Related Party [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Apr. 30, 2020 $ 75 $ 6,476 $ 27,584,227 $ (14,983,200) $ (11,785,869) $ 821,709
Beginning balance (in shares) at Apr. 30, 2020 750,000 64,762,858        
Issuance of common stock & warrants-related party, net $ 267 3,999,733     4,000,000
Issuance of common stocks & warrants related party, net (in shares)   2,666,667        
Stock-based compensation to employees and consultants 2,032,359 2,032,359
Issuance of common stock, note receivable – related party 99,905 99,905
Fair value of warrants issued in connection with convertible notes 91,241 91,241
Fair value of warrants issued in connection with convertible notes- related party 14,300 14,300
 Net loss (5,046,567) (5,046,567)
Ending balance, value at Apr. 30, 2021 $ 75 $ 6,743 33,721,860 (14,883,295) (16,832,436) 2,012,947
Ending balance (in shares) at Apr. 30, 2021 750,000 67,429,525        
Issuance of common stock & warrants-related party, net $ 400 5,999,600 6,000,000
Issuance of common stocks & warrants related party, net (in shares)   4,000,000        
Stock-based compensation to employees and consultants 4,408,569 4,408,569
 Net loss (12,362,059) (12,362,059)
Issuance of common stock for restricted stock awards $ 42 (42)
Issuance of common stock for restricted stock awards (in shares)   425,000        
Proceeds from stock option exercise $ 550 1,650 2,200
Proceeds from stock option exercise (in shares)   5,500,000        
Proceeds from initial public offering, net of underwriters' discounts and commissions and issuance costs of $1.5 million $ 288 12,911,168 12,911,456
Proceeds from initial public offering, net of underwriters' discounts and commission and issuance costs of $1.5 million (in shares)   2,875,000        
Issuance of shares of common stock for conversion of debt   $ 25 378,373     378,398
Issuance of shares of common stock for conversion of debt (in shares)   252,265        
Conversion of Series A convertible stock $ (75) $ 1,500 (1,425)
Conversion of series A convertible (in shares) (750,000) 15,000,000        
Ending balance, value at Apr. 30, 2022 $ 9,548 $ 57,419,753 $ (14,883,295) $ (29,194,495) $ 13,351,511
Ending balance (in shares) at Apr. 30, 2022 95,481,790